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Dec 16, 2014
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Sebi may rework delisting norms
The Securities and Exchange Board of India (Sebi) may review its newly proposed delisting rule that mandates companies to get a minimum number of public shareholders to participate for an offer to be successful. Last month, while revamping the delisting guidelines, the regulator said companies should get at least 25 per cent of the total number of public shareholders to tender their shares in such offers.
Source -
http://economictimes.indiatimes.com
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